中盐(内蒙古)碱业有限公司拟进行减资所涉及的 中盐(内蒙古)碱业有限公司股东全部权益价值 资产评估报告 声 明 一、本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估协 会发布的资产评估执业准则和职业道德准则编制。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定和本 资产评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报告 使用人违反前述规定使用资产评估报告的，本资产评估机构及资产评估师不承担 责任。 本资产评估报告仅供委托人、资产评估委托合同中约定的其他资产评估报告 使用人和法律、行政法规规定的资产评估报告使用人使用；除此之外，其他任何 机构和个人不能成为资产评估报告的使用人。 本资产评估机构及资产评估师提示资产评估报告使用人应当正确理解和使 用评估结论，评估结论不等同于评估对象可实现价格，评估结论不应当被认为是 对评估对象可实现价格的保证。 三、本资产评估机构及资产评估师遵守法律、行政法规和资产评估准则，坚 持独立、客观和公正的原则，并对所出具的资产评估报告依法承担责任。 四、评估对象涉及的资产、负债清单由委托人、被评估单位申报并经其采用 签名、盖章或法律允许的其他 ...

Group 1 - The core viewpoint of the article is that Zhongyan Inner Mongolia Chemical Co., Ltd. has established and executed an insider information registrant system in compliance with relevant laws and regulations during its major asset restructuring project [1][2]. - The company has formulated the "Insider Information Registrant Management System" in accordance with the Securities Law of the People's Republic of China and other regulatory guidelines [1]. - During the transaction planning period, the company strictly adhered to the insider information registrant management system and implemented necessary confidentiality measures to limit the number of personnel aware of sensitive information [1][2]. Group 2 - The company ensured that all key participants signed documents confirming their involvement at critical points in the process, thereby maintaining compliance with confidentiality obligations [2]. - The legal advisor, Inner Mongolia Jadu Law Firm, concluded that Zhongyan Chemical has complied with relevant laws and regulations in establishing the insider information registrant system and has taken adequate measures to prevent information leakage during the transaction [2].

Core Viewpoint - The major asset restructuring of Zhongyan Inner Mongolia Chemical Co., Ltd. involves a targeted reduction of capital by its subsidiary, Zhongyan (Inner Mongolia) Soda Industry Co., Ltd., and is classified as a significant asset restructuring for the listed company [1][2]. Group 1 - The independent financial advisor, China Merchants Securities Co., Ltd., confirmed that there were no direct or indirect paid engagements of third parties in this transaction [2]. - The listed company has engaged several advisory firms for this transaction, including China Merchants Securities as the independent financial advisor, Inner Mongolia Jadu Law Firm as the legal advisor, Lixin Certified Public Accountants as the auditing firm, Beijing Zhuoxin Dahu Asset Appraisal Co., Ltd. for asset evaluation, and Beijing Guorong Xinghua Asset Appraisal Co., Ltd. for the valuation of natural soda mineral rights [1][2]. - The company has complied with the relevant regulations regarding the hiring of third parties in investment banking activities, as outlined in the guidelines for preventing integrity risks [1][2].

Summary of Key Points Core Viewpoint The report outlines the independent financial advisory opinion regarding the major asset restructuring of China Salt Inner Mongolia Chemical Co., Ltd. The restructuring involves a capital reduction of its subsidiary, China Salt (Inner Mongolia) Alkali Industry Co., Ltd., leading to it becoming a wholly-owned subsidiary of China Salt Chemical. Group 1: Transaction Overview - The transaction involves a capital reduction where China Salt Alkali will reduce its capital to its shareholder, Taihu Investment, resulting in Taihu no longer holding any shares in the company [24][25]. - The transaction amount is set at 6.80866 billion yuan [24][25]. - The main business of the target company is the acquisition and development of natural soda ash mining rights [24][25]. Group 2: Impact on the Company - The transaction will not change the main business of the listed company, which is based on salt chemical production, including soda ash and chlorine-alkali industries [11][28]. - The acquisition of the natural soda ash mining rights is expected to strengthen the company's leading position in the soda ash industry and support the transformation and upgrading of traditional industries [11][28]. - The financial indicators of the listed company will not be affected as the target company has not yet commenced operations and has no assets or liabilities [29]. Group 3: Approval and Decision-Making Process - The transaction requires approval from the shareholders' meeting and other necessary regulatory approvals before implementation [13][29]. - The controlling shareholder and its concerted parties have expressed their principle agreement to the restructuring, indicating it will benefit the company's industrial transformation and enhance competitiveness [13][29]. Group 4: Investor Protection Measures - The company will strictly adhere to information disclosure obligations and ensure fair treatment of all investors, particularly minority shareholders, during the transaction process [16][18]. - Independent financial advisors and other intermediaries have been engaged to ensure the fairness and reasonableness of the transaction pricing [15][18]. Group 5: Future Development and Strategy - The company aims to accelerate the development of natural soda ash resources and improve operational efficiency post-acquisition [17][18]. - The restructuring aligns with national economic development requirements and industry policies, supporting the company's strategic focus on enhancing core competitiveness in the soda ash sector [23][24].

Core Viewpoint - The independent financial advisor conducted a special review of the major asset restructuring of China Salt Inner Mongolia Chemical Co., Ltd. and found no evidence of abnormal performance prior to the restructuring or any attempt by related parties to evade obligations or responsibilities through this restructuring [1][2]. Group 1: Review of Obligations and Commitments - The restructuring does not involve any evasion of obligations or responsibilities by the listed company or related parties [2]. - China Salt Inner Mongolia Chemical Co., Ltd. and its major shareholders have fulfilled their commitments made since the company's listing in 2000, with no instances of non-compliance or overdue commitments identified [2][3]. Group 2: Compliance and Regulatory Review - The company has operated in compliance over the past three years, with no violations related to fund occupation or external guarantees [3][4]. - There have been no administrative or criminal penalties against the company or its major stakeholders in the last three years [4]. Group 3: Financial Performance and Accounting Compliance - The independent financial advisor confirmed the authenticity of the company's financial performance over the last three years, with no evidence of fictitious transactions or profit manipulation [5][6]. - The company's financial reports for the last three years received standard unqualified opinions from auditors, indicating compliance with accounting standards [6][8]. Group 4: Asset Impairment and Accounting Policies - The company has appropriately recognized impairment provisions for accounts receivable, inventory, and goodwill, in accordance with accounting standards [14][15]. - There have been no significant changes in accounting policies or estimates that would indicate improper profit adjustment practices [14][15]. Group 5: Asset Evaluation and Restructuring - The current restructuring does not involve any asset disposals by China Salt Inner Mongolia Chemical Co., Ltd. [15].

关于中盐内蒙古化工股份有限公司重大资产重组 招商证券股份有限公司 上市公司在本次重大资产重组前12个月内未发生对同一或相关资产进行购 买、出售的情况。 三、独立财务顾问核查意见 前十二个月内购买、出售资产的核查意见 招商证券股份有限公司（以下简称"招商证券"或"本独立财务顾问"） 接受中盐内蒙古化工股份有限公司（以下简称"中盐化工"或"上市公司"） 的委托，担任中盐化工参股公司减资之重大资产重组的独立财务顾问，对上市 公司本次交易前12个月内购买、出售资产情况进行核查，具体情况如下： 一、《上市公司重大资产重组管理办法》的相关规定 上市公司在12个月内连续对同一或者相关资产进行购买、出售的，以其累计 数分别计算相应数额。已按照《上市公司重大资产重组管理办法》的规定编制并 披露重大资产重组报告书的资产交易行为，无须纳入累计计算的范围。中国证监 会对《上市公司重大资产重组管理办法》第十三条第一款规定的重大资产重组的 累计期限和范围另有规定的，从其规定。交易标的资产属于同一交易方所有或者 控制，或者属于相同或者相近的业务范围，或者中国证监会认定的其他情形下， 可以认定为同一或者相关资产。 二、本次交易情况 本次交易 ...

关于中盐内蒙古化工股份有限公司重大资产重组 信息公布前公司股票价格波动情况的核查意见 招商证券股份有限公司 （000002.SH） 证监会化学制品指数 招商证券股份有限公司（以下简称"招商证券"或"本独立财务顾问"）接 受中盐内蒙古化工股份有限公司（以下简称"中盐化工"或"上市公司"）的委 托，担任中盐化工参股公司减资之重大资产重组的独立财务顾问，对上市公司在 本次交易首次公告日前20个交易日内剔除大盘因素或同行业板块因素影响后累 计涨跌幅进行核查，情况如下： 一、上市公司首次公告日前20个交易日股价波动情况 上市公司于2025年6月20日披露《中盐内蒙古化工股份有限公司关于拟同意 中石油中盐（内蒙古）碱业有限公司股东减资暨成为公司全资子公司暨构成重大 资产重组的提示性公告》（以下简称"提示性公告"）。根据《上海证券交易所 上市公司自律监管指引第6号—重大资产重组》的相关规定，以该公告时间为敏 感信息公布时点计算，上市公司本次重大资产重组事项的敏感信息公布前20个交 易日的区间为2025年5月22日至2025年6月19日。上述区间段内，上市公司股票、 上证A指（000002.SH）、证监会化学制品指数（代码： ...

Core Viewpoint - Anhui Fulede Technology Development Co., Ltd. plans to issue shares and convertible bonds to acquire 100% equity of Jiangsu Fulehua Semiconductor Technology Co., Ltd. and raise supporting funds, which has been approved by the China Securities Regulatory Commission [1] Group 1: Important Commitments by the Company and Management - The company guarantees the authenticity, accuracy, and completeness of the information provided, ensuring no false records, misleading statements, or significant omissions exist [2][3] - The company commits to providing true, accurate, and complete original written materials or copies to all intermediary institutions involved in the restructuring [2][3] - The company has fulfilled its statutory disclosure and reporting obligations, with no undisclosed contracts, agreements, arrangements, or other matters [2][3] Group 2: Legal and Compliance Commitments - The company confirms it is legally established and in good standing, meeting the qualifications for participating in the restructuring as per relevant laws and regulations [6][19] - The company assures that there are no circumstances that would prevent it from issuing shares to specific objects as per the regulations [6][19] - The company commits to not using its assets to provide guarantees for debts of itself or other controlled entities [13] Group 3: Avoidance of Conflicts of Interest - The company and its controlling shareholders will not engage in any business that competes with the company’s operations, ensuring the independence of the company’s operations [14] - The company will ensure that any necessary related transactions are conducted at fair market prices to protect the interests of the company and its shareholders [15] Group 4: Share Lock-up and Transfer Commitments - The company commits that shares obtained through this transaction will not be transferred for 36 months post-issuance, with specific conditions for extension based on stock performance [24][26] - The company will not reduce its holdings in the company during the restructuring period and will comply with any stock increase arrangements [10][24]

国投证券股份有限公司 公司"）发行股份及支付现金购买资产并募集配套资金暨关联交易（以下简称"本 次重组"）的独立财务顾问，根据《上市公司重大资产重组管理办法》 《上市公司 并购重组财务顾问业务管理办法》及《上海证券交易所股票上市规则》等相关法 规的要求，对星湖科技发行股份购买资产增发的限售股份解除限售并上市流通的 情况进行了认真、审慎的核查，具体核查情况如下： 一、本次限售股发行及股本变动情况 关于广东肇庆星湖生物科技股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易之限 售股份解除限售并上市流通的核查意见 国投证券股份有限公司（以下简称"国投证券"或"独立财务顾问"）作为 广东肇庆星湖生物科技股份有限公司（以下简称"星湖科技"、 "公司"或"上市 （一）限售股的核准发行情况 经中国证券监督管理委员会（以下简称"中国证监会"） 《关于核准广东肇庆 星湖生物科技股份有限公司向广东省广新控股集团有限公司等发行股份购买资 产并募集配套资金的批复》（证监许可20222870 号）核准，公司向广东省广新 控股集团有限公司发行 405,703,292 股股份、向宁夏伊品投资集团有限公司发行 有限公司（现名为 ...

Core Viewpoint - ST Xifa (000752.SZ) is planning to acquire the remaining 50% stake in Lhasa Beer from Carlsberg International, which is crucial for the company's restructuring efforts and financial stability [2][3]. Group 1: Acquisition Details - The acquisition will allow ST Xifa to fully control Lhasa Beer, a core asset that contributed over 100 million yuan in profit in 2024 [2]. - The ongoing disputes between ST Xifa and Carlsberg have delayed the restructuring process, with over 20 postponements due to complex historical issues [2][8]. - The acquisition is seen as a potential resolution to years of stock disputes, with Carlsberg's attempts to divest from Lhasa Beer facing legal challenges [3][5]. Group 2: Financial Implications - ST Xifa's financial situation remains precarious, with a total liability of 373 million yuan and an asset-liability ratio of 37.31% for the consolidated statements in 2024 [8]. - The company has received a cash donation of 182 million yuan from its controlling shareholder to alleviate debt pressure [9]. - In 2024, ST Xifa reported a revenue of 421 million yuan, a year-on-year increase of 25.11%, and a net profit of 26.19 million yuan, a significant turnaround from previous losses [10]. Group 3: Market Reaction - Following the announcement of the acquisition plan, ST Xifa's stock experienced a surge, recording three consecutive trading limits from the 21st to the 23rd, closing at 9.71 yuan with a 4.97% increase [7]. - The market's enthusiasm is also fueled by the commencement of significant hydropower projects in Tibet, which may enhance the investment landscape for ST Xifa [7].